I. General
Blockchain Basics

II. Transactions
Buying Bitcoin
After Buying
Table of Contents
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English
General

Blockchain Basics

What is Bitcoin (BTC)?
Bitcoin is a virtual currency allowing anyone to purchase goods and services, and send funds to friends and family without participating in the traditional banking system.
What is a Blockchain?
Blockchain is the underlying technology that powers Bitcoin and other cryptocurrencies. An international network of computers and nodes verifies transactions and stores data for each blockchain, making each one censorship-resistant and free from the traditional banking system.
What is a Bitcoin Wallet?
A Bitcoin Wallet stores Bitcoin Addresses. Bitcoin Wallets can be software or hardware products that offer additional features such as displaying your Bitcoin Address balances. At its simplest, Bitcoin Wallets can be pieces of paper, SMS, or .txt files that store Bitcoin Addresses.
What is a Bitcoin Address?
A Bitcoin Address consists of two 64-character strings of letters and numbers - the Private Key and the Public Key. On the Bitcoin Blockchain, every Bitcoin is tied to a Bitcoin Address like a bank account. The Public Key is similar to a bank account number, and acts as the destination for Bitcoin transactions; the Private Key is similar to a PIN number, and acts as a password to enable the spending of Bitcoins tied to the corresponding Public Key.
Transactions
Buying Bitcoin
How do I buy Bitcoins from a Kernel Bitcoin ATM?
  1. Indicate the amount of Bitcoin to buy.
  2. Scan your documentation and Bitcoin Address QR Code on the BTM. This tells the BTM where to send the Bitcoins.
  3. Insert cash.
  4. Transaction complete
Does Kernel accept credit cards?
Sorry, Kernel's Bitcoin ATMs only accept cash!
After Buying
How do I get a receipt?
If you entered a phone number, a transaction receipt will be sent to that number. For safekeeping, we always recommend that you take a picture of the receipt shown on the screen just to be sure!
What happens if I scanned the wrong QR code?
Unfortunately, transactions on Kernel Bitcoin ATMs are irreversible since they are transactions made on the Bitcoin Network.
The Bitcoins aren't showing up on my wallet - what's going on?
Although Kernel's green wallet verifies transactions instantly, there may be instances when the Bitcoin Network is congested, and delay your transaction's confirmation. Certain Bitcoin Wallets confirm transactions only after a set number of subsequent transactions have been on the Bitcoin Blockchain, and takes longer to display your new balance.

If you have any questions about your transaction, please let us know at help@kernelbank.com.
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